AGREEMENT OF PURCHASE AND SALE between and ARC NYC570SEVENTH, LLC, the BUYER Dated as of October 11, 2014Agreement of Purchase and Sale • November 14th, 2014 • American Realty Capital New York City REIT, Inc. • Real estate investment trusts • New York
Page ARTICLE I DEFINITIONS 1 SECTION 1.1. Defined Terms 1 ARTICLE II SALE, PURCHASE PRICE AND CLOSING 9 SECTION 2.1. Sale of Asset 9 SECTION 2.2. Purchase Price 10 SECTION 2.3. Deposit 10 SECTION 2.4. Closing 10 ARTICLE III REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE SELLER 11 SECTION 3.1. General Seller Representations and Warranties 11 SECTION 3.2. Representations and Warranties of the Seller as to the Asset 11 SECTION 3.3. Covenants of the Seller Prior to Closing 15 ARTICLE IV REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE BUYER 20 SECTION 4.1. Representations and Warranties of the Buyer 20 ARTICLE V CONDITIONS PRECEDENT TO CLOSING 22 SECTION 5.1. Conditions Precedent to the Seller’s Obligations 22 SECTION 5.2. Conditions Precedent to the Buyer’s Obligations 23 SECTION 5.3. Waiver of Conditions Precedent 24 ARTICLE VI CLOSING DELIVERIES 25 SECTION 6.1. Buyer Closing Deliveries 25 SECTION 6.2. Seller Closing Deliveries 26 ARTICLE VII INSPECTIONS; RELEASE 28 SECTION 7.1. Right
